FMC price target lowered to $55 from $70 at Mizuho

Mizuho lowered the firm’s price target on FMC (FMC) to $55 from $70 and keeps a Neutral rating on the shares. In conjunction with its 2025 outlook for the chemicals packaging space, the firm reduced estimates and price targets for several stocks. The March quarter “appears set to begin as weak” as the December quarter ended for most stocks, the analyst tells investors in a research note. Mizuho also updated its top picks, returning DuPont (DD) to top pick replacing Air Products (APD) with Linde (LIN). Each of these stocks are relatively defensive at attractive valuations, contends Mizuho. The firm’s only picks in basic chemicals and agriculture remain Westlake (WLK) and Corteva (CTVA). It recommends most consumer-facing chemicals and packaging, although none are top picks.